Showing 1 - 10 of 11,901
three-firm Cournot markets to test these predictions and other effects like how buyer groups affect outcomes when group … firms. Communication is often abused for explicit agreements and this strongly reduces competition. …
Persistent link: https://www.econbiz.de/10010428107
as a main factor causing collusive product markets. -- buyer groups ; cartels ; collusion ; communication ; experiments …-firm Cournot framework to test these predictions, and we also explore the impact communication has on buyer groups. The … experimental results show that buyer groups lead to lower outputs when groups can exclude single firms. Communication is identified …
Persistent link: https://www.econbiz.de/10009661278
. -- cartels ; collusion ; communication ; experiments ; repeated games …We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is …
Persistent link: https://www.econbiz.de/10009612674
We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports firms in coordinating on collusive pricing schemes, and it is also used for conflict mediation …
Persistent link: https://www.econbiz.de/10013119873
One of the most robust phenomena in the experimental literature on multilateral bargaining is the failure of proposers … to extract equilibrium rents. However, all previous experiments have overlooked the fact that outside the lab committee … members are allowed to - and do - engage in sometimes intense communication processes prior to voting on a proposal. We …
Persistent link: https://www.econbiz.de/10014152141
This paper studies the role of public information in multiple-agent coordination problems underlying a variety of economic scenarios such as banking and debt crises. The impact of information on coordination in such settings rests on the interplay between two types of uncertainty that agents...
Persistent link: https://www.econbiz.de/10013119581
Communication has been shown to play a positive role in promoting trust, yet there is no evidence on how sensitive this …. Moreover, communication increases the trustor's beliefs on the amount that the trustee will choose to transfer, only when this …
Persistent link: https://www.econbiz.de/10012900477
free-form pre-play communication. I focus on players who verbally first suggest cooperation in each game. I study …
Persistent link: https://www.econbiz.de/10013032746
games with costless communication. CMR is a non-equilibrium theory combining rationalizability with the idea that players …
Persistent link: https://www.econbiz.de/10011576913
We study the interaction of the effects of the strategic environment and communication on the observed levels of … substitutes disappears. A machine-assisted natural language processing approach shows how the content of communication is …
Persistent link: https://www.econbiz.de/10012846843